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> can mostly likely be managed with the same level of spending restraints we saw in response to that.

so... austerity? Like the article suggests?





Was the 1990s austerity “severe”? I remember a lot of complaining at the time, but it doesn’t seem too bad in hindsight.

Given the security situation today repeating the peace dividend is not an option, so it would be much tougher than the early 1990s was.



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